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Debt collector loses license over debts
Posted by: Jane Friedmann under Businesses in hot water, Whistleblower Updated: August 24, 2010 - 10:46 AM
A Mankato debt collector lost his license and agreed to perform community service or pay a $75,000 fine after an audit by the Department of Commerce found his company owed clients almost $200,000.
Nathan A. Meehling’s former company, Accounts Receivable Control Inc., owed money to hundreds of clients, even after it had collected those funds from debtors, the department said. His conduct as a debt collector demonstrated “financial irresponsibility and/or incompetence,” the department said.
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